A corporate bond pays interest twice a year and has 23 years to maturity, a face value of $1,000 and a coupon rate of 2.1%. The bond's current price is $740.85. It is callable starting 17 years from now (years to call) at a call price of $1,856.

Attempt 1/3 for 10 pts.

Part 1

What is the bond's (annualized) yield to maturity?

Attempt 1/3 for 10 pts.

Part 2

What is the bond's (annualized) yield to call?